Research and development expenditure as a proportion of GDP in Latin America and the Caribbean
Latin America and the Caribbean: Research and development expenditure as a proportion of GDP was 0.6% in 2023. ▲ Rising
Research and development expenditure as a proportion of GDP in Latin America and the Caribbean, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, research and development expenditure as a proportion of gdp in Latin America and the Caribbean stood at 0.6%.
The figure is up 1.3% on the previous year and down 10.3% over ten years.
Over the whole period, research and development expenditure as a proportion of gdp in Latin America and the Caribbean peaked at 0.7% in 2015 and was at its lowest, 0.5%, in 2004.
That places Latin America and the Caribbean 16th out of 22 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Research and development expenditure as a proportion of GDP in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.5% | — |
| 2001 | 0.5% | +2.2% |
| 2002 | 0.5% | -1.2% |
| 2003 | 0.5% | +1.3% |
| 2004 | 0.5% | -2.4% |
| 2005 | 0.5% | +2.5% |
| 2006 | 0.5% | -2.0% |
| 2007 | 0.6% | +6.0% |
| 2008 | 0.6% | +6.5% |
| 2009 | 0.6% | +3.7% |
| 2010 | 0.6% | +2.4% |
| 2011 | 0.6% | -4.3% |
| 2012 | 0.6% | -1.2% |
| 2013 | 0.6% | +5.3% |
| 2014 | 0.7% | +3.8% |
| 2015 | 0.7% | +0.0% |
| 2016 | 0.6% | -8.1% |
| 2017 | 0.6% | -6.5% |
| 2018 | 0.6% | +1.5% |
| 2019 | 0.6% | -0.7% |
| 2020 | 0.6% | +7.0% |
| 2021 | 0.5% | -10.8% |
| 2022 | 0.6% | +3.2% |
| 2023 | 0.6% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | 0.5% | 0.6% | 10 |
| 2010s | 0.6% | 0.6% | 0.7% | 10 |
| 2020s | 0.6% | 0.5% | 0.6% | 4 |
Countries ranked near Latin America and the Caribbean
- 13 United Kingdom of Great Britain and Northern Ireland 2.7% compare
- 13 United Kingdom of Great Britain and Northern Ireland 2.7% compare
- 15 Iceland 2.6% compare
- 16 China 2.6% compare
- 17 Netherlands (Kingdom of the) 2.3% compare
- 18 France 2.2% compare
- 19 Slovenia 2.1% compare
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
Frequently asked questions
- What is research and development expenditure as a proportion of gdp in Latin America and the Caribbean?
- Research and development expenditure as a proportion of gdp in Latin America and the Caribbean was 0.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest research and development expenditure as a proportion of gdp recorded in Latin America and the Caribbean?
- The highest recorded value was 0.7% in 2015.
- What is the lowest research and development expenditure as a proportion of gdp recorded in Latin America and the Caribbean?
- The lowest recorded value was 0.5% in 2004.
- How does Latin America and the Caribbean rank for research and development expenditure as a proportion of gdp?
- Latin America and the Caribbean ranks 16th out of 22 groups with data for 2023.
- Is research and development expenditure as a proportion of gdp rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Research and development expenditure as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).